News

ABU DHABI / Emirates Business Manazel Real Estate PJSC (“Manazel”), a leading UAE developer, announced its financial results for the six months ended June 30, 2017. Manazel has continued to deliver a robust financial performance with net profit up 81% to AED56.5 million, compared to AED 31.2 million in H1 2016. Consolidated revenues for the period were up 54% to ...

Dubai / WAM Union Properties PJSC (“UP” or “The Company”), one of the leading property investment developers in the UAE, has reported its financial results for the second quarter of 2017. Following a thorough accounting review and in the long-term interests of the company, UP’s new management team has taken the decision to book provisions totalling AED2.8 billion, which has ...

ABU DHABI / WAM The Department of Municipal Affairs and Transport of Abu Dhabi City Municipality (ADM) has made it clear that construction of the cable car project at Al Maqtaa and Al Bahya Corniche is still under study and has not yet been officially released to contractors. The Department indicated that the cable car (Teleferic) project at Al Maqtaa ...

Dubai / Emirates Business International Expo Consults (IEC) part of Falak Holding, announced that the SGI Dubai 2018 show is 57 percent sold out almost 5 months prior to the show. The 21st edition of this premier sign, graphic and imaging industry event will be held from January 14-16 at the Dubai World Trade Centre (DWTC). The 2017 edition of ...

DUBAI / WAM Emirates NBD, a leading bank in the region, announced the launch of ‘Advance Account’, which will enable employees of the bank’s payroll customers who are new to the UAE to receive their account number on the first day of employment. Commenting on the initiative, Suvo Sarkar, Senior EVP & Group Head – Retail Banking and Wealth Management ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation and President of the Supreme Council for Motherhood and Childhood, stated that sustainability is a lifestyle, work and investment, and she described it as everyone’s responsibility as individuals and families, as well as governments, quasi-governments and private organisations, ...

ABU DHABI / WAM Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) will take part in the 1st edition of the ‘Belt and Road bookfair’ for copyright trade in Shandong, China, from August 19-21, 2017. TCA Abu Dhabi will be represented by the ‘Kalima’ translation project as a continuation of discussion carried out with the Chinese counterpart during the ...

Abu Dhabi / Emirates Business Delegates at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will have more opportunities than ever to hear some of the oil and gas industry’s most powerful executives speak in open-invite conference sessions, after organisers confirmed they will increase the number of Global Business Leader panels for 2017. Held under the patronage of ...

Dubai / WAM From custom caps and cufflinks to tailor-made towels and teapots, Expo 2020 Dubai is looking for manufacturers in the Gulf for two important merchandising categories apparel and homeware. The Expo team seeks producers, from international brands to artisan producers, of goods, which will be offered to millions of visitors from around the world as official Expo 2020 ...

Dubai / Emirates Business Cash is still the reigning king, but that is likely to change rapidly given the UAE’s thrust towards cultivating smart economies, says Xpress Money’s Associate Vice President – Strategy, Digital & BIA, Arundhoti Banerjee. Xpress Money – one of the world’s most dependable money transfer brands – believes that cashless transactions will become far more common ...